Within the framework of a management buy out (MBO), Infineon Technologies AG has turned over its activities in the area of wearable electronics to the company Interactive Wear AG iG of Wessling, Germany. Infineon had conducted research on the integration of electronic functions into textiles and developed this technology to the point that it is ready for the market. Nevertheless, it has discontinued these activities as part of its strategic restructuring and concentration on its core business. As part of this MBO, which has now been completed, the rights to Intellectual Property (IP), such as patents and licenses, now belong to Interactive Wear, along with developmental hardware and software and the existing customer base as well as the parts inventory and the finished wearable electronics products. The parties involved have agreed not to make the purchase price public.

Infineon’s former head of engineering for wearable electronics and current CTO at Interactive Wear, Markus Strecker, is participating in the MBO. Andreas Röpert will assume the role of chief executive officer, and Ms. Awa Garlinska will chair the supervisory board. In order to ensure continuity right from the start for all of the wearable electronics activities, Dr. Stefan Jung, the former head of Infineon’s activities in this field, has been appointed to Interactive Wear’s supervisory board. Furthermore, Interactive Wear will employ additional members of Infineon’s technical team.